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Statutes and Rules
The following rule adoptions were posted in the Jan. 15, 2016, issue of the Texas Register. Copies of the updated forms are available to review on the Chapter 313 website and linked below:
- Form 50-826, Texas Economic Development Act Agreement (PDF)
- 2016 Adopted Rules (PDF) - The rule adoptions and updated forms become effective on Jan. 24, 2016. Any agreements executed on our after that date will need to be in the newly adopted form.
- Texas Tax Code: Chapter 313, Texas Economic Development Act
- View an archive of this code as of Dec. 31, 2013
- Texas Administrative Code: Subchapter F, Limitation on Appraised Value and Tax Credits on Certain Qualified Property>
- View an archive of this code as of Dec. 31, 2013
- View an archive of this code from Jan. 1, 2014 – Jan. 23, 2016
- Texas Education Code: Sec. 42.2515, Additional State Aid for Ad Valorem Tax Credits Under Texas Economic Development Act
- Texas Administrative Code: Rule §61.1019, Additional State Aid for Ad Valorem Tax Credits Under the Texas Economic Development Act
Legislative Background
In 2001, the 77th Texas Legislature enacted House Bill 1200 creating Tax Code Chapter 313 (PDF), the Texas Economic Development Act. This Act allows school districts to attract new taxable property and create jobs by offering a tax credit and an eight-year limitation on the appraised value of a property for the maintenance and operations portion of the school district property tax. The property remains fully taxable for the purposes of any school district debt service tax.
In 2007, the 80th Legislature enacted a bill that requires the Comptroller to prepare a biennial report on projects utilizing this provision of the statute. Read past reports of the Texas Economic Development Act.
In 2009, the 81st Legislature passed several bills amending Chapter 313. House Bill 3676 made a number of changes to the chapter. Most sections of HB 3676 became effective June 19, 2009. Other sections of the bill primarily related to eligibility determination and internet posting requirements went into effect Jan. 1, 2010.
In 2013, the 83rd Legislature enacted House Bill 3390, effective Jan. 1, 2014.
Need Help?
For additional information, contact the Data Analysis and Transparency Division via email or at 844-519-5672, ext. 6-9231.
Disclaimer
This information should not be construed as, and is not a substitute for, legal advice.
Property owners and school districts are urged to consult the Attorney General's Economic Development Handbook and their own legal counsel for any questions or interpretations of economic development laws.